Slipping Crude Oil price in the International market and Downward movement of polymer prices in Domestic market have ceased End users to purchase material. They are purchasing only on need basis or adapting wait and watch mode. The OPEC members and Russia are not ready to cut production rate. One of the other reason which is also accountable is demand supply gap. Oversupply of crude Oil is exceeding demand sentiments as the consequence of it crude oil prices are going down.
Domestic as well as international the market are going through very sluggish condition. International prices are going down by $40-50 per metric tonne because of downward Feed stock prices and it is expected will go further down by largely in Coming days. major petrochemical companies are not quoting their offer to India because of imbalanced international market.
Our sources from different market have informed that polymer demand has come out at dry out condition. purchasing is very dull because of further downward prices movement in South East Asia market.Stocks are available with traders in abundance. Prices are reported at negotiable rate.
At presently price of the Film and IM grade of PP was reported at 122 Rs/kg and 120 Rs/kg respectively in Delhi.
(This article was published on the website on November 28, 2014)
Domestic as well as international the market are going through very sluggish condition. International prices are going down by $40-50 per metric tonne because of downward Feed stock prices and it is expected will go further down by largely in Coming days. major petrochemical companies are not quoting their offer to India because of imbalanced international market.
Our sources from different market have informed that polymer demand has come out at dry out condition. purchasing is very dull because of further downward prices movement in South East Asia market.Stocks are available with traders in abundance. Prices are reported at negotiable rate.
At presently price of the Film and IM grade of PP was reported at 122 Rs/kg and 120 Rs/kg respectively in Delhi.
(This article was published on the website on November 28, 2014)
No comments:
Post a Comment